[Experts say the Shiba Inu is ready to conquer $0.00008616]
SHIB KNIGHT predicts that Shiba Inu Coin (SHIB) may be about to rise sharply and is expected to break through $0.00008616 and hit a new all-time high. According to his speculation, SHIB has a chance to surpass the all-time high of $0.00008845 on October 28, 2021. Although a specific price target has not yet been determined, SHIB KNIGHT believes that SHIB is ready to reach new highs.
SHIB’s performance has improved significantly since the prediction was published, with the price rising by 11.48% from $0.00001706 to $0.00001902, with the daily chart showing a gain of 16.59% and a gain of 31.78% over the week. SHIB is up 38.94% on the monthly chart, according to CoinMarketCap. The rise pushed SHIB’s market capitalization by more than $3 billion in a single day, bringing its market capitalization to $11.24 billion, surpassing Chainlink to become the 13th largest cryptocurrency in the world.
SHIB currently sits at $0.00001902, still 365.09% away from its all-time high. Many proponents believe that SHIB is on track to surpass $0.0001 during a 2024-2025 bull run, a prediction that is gaining traction within the community.
Positive developments in the SHIB ecosystem, such as the increase in Shibarium’s Total Locked Volume (TVL), have boosted market confidence. After the launch of Bonecrusher, a liquid staking solution on Shibarium, its TVL soared to $3.64 million and transaction volume grew 82% to 7,060 transactions. As trading volume increases, the supply of SHIB may decrease.
In addition, there is speculation that the Shiba Inu Coin team will release "big news" in the fourth quarter of this year, which may further promote the adoption of SHIB and lay the foundation for setting a new historical high.
